The additive manufacturing (AM) industry is continuing to experience upheaval, as firms such as Fast Radius, Nexa3D, and Carbon let go of staff. In the case of Xerox, the photocopying legend essentially eliminated its 3D printing division, maintaining only what was needed to support current customers. After announcing a reduction in workforce of 12 percent in June 2022, Desktop Metal (NYSE: DM) has continued to execute layoffs, according to several former employees on LinkedIn.
Restructuring and Redundancies at Desktop Metal
In a previous interview with 3DPrint.com, Desktop Metal CEO Ric Fulop explained that the main purpose of the cost-saving initiative announced in June was eliminating redundancies in the company created by the acquisitions it had made, which included metal binder jetting pioneer ExOne and digital light processing (DLP) inventor EnvisionTEC. In the company’s…
